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Detailed text transcripts for TV channel - MSNBC - 20111018:11:46:00

movon.org and groups like that that are paralyzing on that side and the pledge, how it s being interpreted. you were elected i think with tom coburn, one of the finest guys in the congress. he s an honest, ethical, decent guy. what he was trying to do by closing the tax loop hole with regard to the ethanol, that was viewed as a taxing increase. we have well that is ridiculous. we have well over $100 billion of tax. they re really tax earmarks and as you know i think you served on ways and means they re in perpetuity not just from one year or two years and to say that we can t close the loop hoel for ethanol or we can t make ge pay its taxes or we can t close the loop holes for all of these industries that are out there, the special interest lobbies in washington. right. to say that s a tax increase, so i believe you are going to have to reform the entitlements. you got to do that as difficult as it may be they all came before your committee. you have to do it and then you als

Detailed text transcripts for TV channel - MSNBC - 20111018:10:21:00

washington was the one that also when people like ron paul gave speeches warning that what was happening at fannie and freddie would lead to the banks and lead to a bubble and lead to a collapse of the entire economy. republicans said things like that were called racist on the banking committee. said they just didn t like black people. that was all preobama was it not? we re a big enough country to occupy both. we can occupy both. that was preobama. i m saying it s both sides. but for the president, well, by the way, though, the biggest contributor to barack obama by the way, barack obama was the number one recipient of money from fannie and freddie from the time he got on the senate floor so, again, all i m saying is there are no clean hands in washington on this issue. coming up this morning david axelrod will be here onset. also republican congressman frank wolf who says grover

Detailed text transcripts for TV channel - MSNBC - 20111018:10:44:00

42 past the hour. a live look at the capitol hill before the sun comes up over washington. time now for the must read opinion pages. we ll start in the wall street journal. polling the occupy wall street crowd. i think this is going to generate a pretty good conversation here. doug worked with the clinton administration. right. i m going to read two. president obama and the democratic leadership are making a critical error in embracing the occupy wall street movement and it may cost them the 2012 election. yet the occupy wall street movement reflects values that rate. ngerously out of touch

Detailed text transcripts for TV channel - MSNBC - 20111018:11:26:00

they own the note but the local banks don t own it. they sell it the next day. right. and so it s been sold and chopped up 15 times before it ends up in a pension fund. right. so what s happening now is the servicing arms of the big banks, they re incentivized to foreclose. the incentive is to foreclose because that is the better business deal for them. they re out money. they have front money to the investor they have to pass money to from the borrower. the incentive is completely turned around from 15 years ago. that s why we have the foreclosure crisis from my p perspecti perspective. i m curious about what you are doing in delaware because you created a program that forces face-to-face meetings which my gosh if we could have that in washington it would be helpful. what about between the home owners and the banks? is that what you re doing? exactly right. very simply we pass d law the governor signed into law about three weeks ago which forces the lender to be at the t

Detailed text transcripts for TV channel - MSNBC - 20130912:16:02:00

Detailed text transcripts for TV channel - MSNBC - 20130912:16:02:00
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